SCC(SH:600740)2023-04-24 16:00Production and Operations - In 2022, the company produced 3.5378 million tons of coke, a 2.12% increase from 2021's 3.4644 million tons[6]. - The company plans to produce 3.2 million tons of dry coke, 340,000 tons of tar, 115,000 tons of crude benzene, 260,000 tons of methanol, and 70,000 tons of carbon black in 2023[12]. - The processing volume of tar in 2022 was 321,700 tons, a slight decrease of 1.83% from 327,700 tons in 2021[6]. - The production of refined methanol increased by 14.66% in 2022, reaching 275,300 tons compared to 240,100 tons in 2021[6]. - Carbon black production significantly decreased by 60.28% in 2022, with an output of 28,000 tons due to environmental factors[6]. Financial Performance - The net profit attributable to shareholders for the year 2022 is approximately 2.58 billion RMB[45]. - Operating revenue for 2022 was ¥12,066,673,594.77, up from ¥11,217,966,121.36, indicating a growth of about 7.6%[142]. - Net profit for 2022 reached ¥2,611,158,529.96, compared to ¥1,949,672,218.68 in 2021, reflecting an increase of approximately 33.9%[142]. - The company reported investment income of CNY 3,442,011,523.17, significantly higher than RMB 1,862,555,465.29 in 2021, showcasing improved investment performance[165]. - The company reported a total comprehensive income of CNY 69,718,604.47 for the year[175]. Environmental and Safety Management - The company emphasizes the importance of macroeconomic conditions and government policies on its business performance, indicating potential risks if the economy continues to decline[12]. - The company has implemented a strategic long-term contract sales model for coke, utilizing a monthly weighted average pricing method[2]. - The company is committed to enhancing its safety production management to prevent accidents during the production process[13]. - In 2022, the company completed the construction of multiple pollution control facilities, including desulfurization systems for three coking plants and VOC recovery systems, achieving all project completions[34]. - The company has implemented a wastewater treatment and reuse system, ensuring that treated wastewater is reused in production without discharge[35]. Corporate Governance - The board of directors has undergone changes, with Li Feng elected as chairman and Du Jianhong appointed as general manager[21]. - The independent directors have fulfilled their responsibilities effectively, ensuring the protection of minority shareholders' rights[28]. - The company has implemented a strategic committee to oversee its long-term planning and direction[23]. - The internal control audit report received a standard unqualified opinion, indicating effective internal controls[32]. - The company has established several internal control systems, including the board of directors' authorization management system and strategic committee meeting system, which were approved in the ninth board meeting[45]. Employee Management - The total number of employees in the parent company is 5,339, with a combined total of 5,679 employees across the parent and major subsidiaries[24]. - The company has established a training plan for 2023 aimed at enhancing employee skills and safety awareness, including various training programs[26]. - The company has 4,106 retired employees for whom it bears costs[24]. Shareholder and Dividend Information - The company has a clear dividend distribution policy that complies with its articles of association and shareholder resolutions[28]. - The company plans to distribute a cash dividend of 2 RMB per 10 shares, totaling approximately 512.42 million RMB, which represents 19.85% of the net profit attributable to shareholders for the year 2022[43]. - The total share capital as of December 31, 2022, is 2,562,121,154 shares, which will be the basis for the dividend distribution[43]. Compliance and Regulatory Matters - The company received regulatory measures due to accounting errors affecting financial data disclosures for multiple reporting periods[105]. - The company has committed to improving compliance and training for its management team following regulatory feedback[105]. - The company has not faced any delisting risk or bankruptcy reorganization issues[80]. Asset and Liability Management - Total liabilities increased from ¥8,188,389,198.38 in 2021 to ¥8,786,400,448.28 in 2022, representing an increase of approximately 7.3%[134]. - The company's long-term borrowings rose from ¥428,350,000.00 in 2021 to ¥1,692,014,874.64 in 2022, an increase of about 295.5%[134]. - The total assets grew from ¥20,585,890,811.29 in 2021 to ¥23,457,081,447.09 in 2022, an increase of about 13.6%[135]. Future Outlook and Strategy - The company plans to continue investing in new product development and market expansion strategies to sustain growth in the upcoming fiscal year[186]. - The company is increasing collaboration with long-term suppliers to mitigate resource supply risks, particularly concerning raw materials like coal and tar[13].